WhiteBIT: First to Reach Highest Cryptocurrency Security Standard

Dec 11, 2024 at 5:00 PM
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WhiteBIT, a prominent name in the cryptocurrency world, has achieved a remarkable feat. On December 11th, 2024, in Vilnius, Lithuania, it became the first global cryptocurrency exchange to obtain Level 3 certification under the Cryptocurrency Security Standard (CCSS). This certification is a game-changer, setting a new benchmark in cryptocurrency platform security.

"WhiteBIT: Leading the Way in Cryptocurrency Security"

Becoming a Global Pioneer

The CCSS, developed by the CryptoCurrency Certification Consortium (C4), is an industry-standard security framework. It goes beyond existing ICT security frameworks like ISO 27001 and PCI DSS by providing specific guidelines for securing cryptocurrencies. WhiteBIT's achievement places it among the top-tier platforms recognized for its superior security.This certification represents a significant milestone for the cryptocurrency industry. It shows that with the right approach and commitment to security, cryptocurrency exchanges can reach new heights. WhiteBIT's success is a testament to its dedication and hard work in implementing advanced security measures.

Meeting Stringent Requirements

The CCSS includes three levels of certification, with Level 3 being the highest benchmark. It requires advanced security measures such as multi-signature wallets, access controls, disaster recovery planning, and rigorous penetration testing. WhiteBIT's successful certification was conducted by Hacken, a leading cybersecurity firm accredited by C4.The auditor carried out an extensive review of WhiteBIT's security infrastructure, which took 3 years of preparation. The 2.5-month audit included in-depth inspections of both cold and hot wallets, dozens of hours of interviews with WhiteBIT personnel, and the submission of over 100 artifacts detailing the exchange's policies, procedures, and security protocols. The final 97-page report reflects the rigorous testing and hundreds of questions addressed throughout the process, ensuring full compliance with the stringent requirements of CCSS Level 3.

Commitment to User Security

Volodymyr Nosov, Owner and CEO of WhiteBIT, emphasizes the company's strong commitment to safeguarding users' assets. "In an industry where trust must be earned every day, we have embraced rigorous security protocols that set new benchmarks for excellence. Our goal isn't just to drive innovation but to ensure that these advancements are built on a secure foundation."WhiteBIT's CCSS certification delivers significant benefits to users. Enhanced security ensures robust protection for user funds and private keys, minimizing the risks of hacks or theft. Reduced risks are achieved through the standard's mitigation of human errors and strict access controls. Emergency preparedness is also in place, with recovery systems to protect user assets during unforeseen events.

Aligning with Company Strategy

This accomplishment aligns with WhiteBIT's overarching strategy of promoting mass adoption through trust and transparency. Earlier this year, the company achieved prominence by securing the highest level of PCI DSS certification for payment data protection, further demonstrating its dedication to comprehensive protection measures.WhiteBIT is one of the largest European centralized crypto exchanges, founded in 2018. It offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. The company is an official partner of FC Barcelona, FC Trabzonspor, ESL Faceit, and VISA. Its goal is to promote the mass implementation of blockchain technology worldwide.Contact: WhiteBIT PR Service[email protected]